(Detroit -- Jerome Vaughn, WDET) Remember the auto bailout? The closing of the dealerships? The miasma of doubt and fear surrounding the future of the American auto manufacturer?
That was then, this is now. Most of the major U.S. automakers are posting double-digit sales gains for the month of November. And some analysts believe the car sales could be even higher next month.
Industry watchers say demand for new vehicles --which had bottled up for months as potential buyers nervously eyed the economy--pushed more consumers into dealer showrooms. General Motors sold more than 168,000 cars and trucks last month--up 11.4% compared to November 2009.
The report comes just days after the Detroit automaker issued its initial public offering of stock, amid international fanfare.
Ford sales jumped 20% compared to year-ago figures. The automaker saw double-digit increases in demand for both its cars and its trucks. Chrysler sales rose 17%, and demand for the Jeep Grand Cherokee more than tripled from November 2009. November was the eighth consecutive month of sales improvement for the automaker.
Of the major automakers, only Toyota posted lower sales figures for the month, down more than three percent.